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Life Reinsurance

Reinsurance is commonly used by life and health insurers to manage their profitability, risk and capital, and to access services provided by third party reinsurers. The Life and Health Reinsurance Working Party was established in 2014 and has since set itself the ambition of developing into a source of practical knowledge and expertise on matters relating to reinsurance. Rather than looking at the theory behind reinsurance, the Working Party has been focused on the value that reinsurance can provide across the insurance industry.

The members of the Working Party include actuaries employed by insurers, reinsurers and consultants. This diverse group allows the Working Party to present views from all angles of reinsurance transactions.  

The initial research carried out by the Working Party looked at how reinsurance decisions are being made and was presented at the Life Conference in 2015 (Reinsurance should be a Tool, not a Habit - Life Conference, 2015).

Following on from this initial research the Working Party is now exploring the problem of optimizing reinsurance from both the insurer’s and reinsurer’s perspective. The Working Party is authoring a paper looking at the potential misconceptions, inefficiencies and mistakes often seen around the use (or lack thereof) of reinsurance. Again rather than provide the theory on how both insurers and reinsurers may be able to derive greater value from their transactions, the Working Party is focused on practical examples and implementable solutions. Our research is following the framework as set out in this infographic. The Working Party intends to present this paper at Life Conference in 2018.

Outputs:

In April 2018 the working party membership is: Greg Solomon (Chair), Alexandra Manion, Arminder Kainth, Benoit Rio, Craig Gillespie, David Lipovics, Kyle West, Niall Kavanagh, Peter Mannion, Ruud van Doorn and Tom Keel.

Chair Greg Solomon
Membership 10
Established 2014

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Contact Details

If you want more information about this research working party please contact the Communities Team.

professional.communities@actuaries.org.uk

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  • Spaces available

    A panel discussion with investment representatives discussing the impact of investment on climate change and vice versa.

    This event is part of The Road to Glasgow: IFoA’s Sustainability Thought Leadership Series which will provide a platform for prominent contributors so that our members and others can understand the perspectives of a wide range of parties interested in the climate debate.

  • Spaces available

    Climate change is one of the greatest risks facing our world today. Addressing it will require multi-faceted solutions. Through this panel session, we will explore the different levers that can be used to meet net-zero targets including climate science and data, government engagement, and mobilising green finance.

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    How governments and societies collectively respond to the climate crisis is increasingly being analysed through the lens of intergenerational fairness. Our expert panel will assess and explore the extent to which inter-generous fairness is being considered in climate policies, the lessons from those countries who are leading the way on fairness and justice in climate interventions, and more.

  • The Growth Mindset for Actuaries

    13 October 2021 - 8 December 2021

    Spaces available

    This practical course is aimed at actuaries at any stage of their career who want to develop their own growth mindset and apply it to their work setting and personal or professional lifelong learning. The content of the course builds on the lecture given by Dr Helen Wright on Growth Mindset as part of the President’s 2021 Lecture series, and will be delivered over a period of 2 months, from mid-October to early December.

  • Spaces available

    The climate crisis and the degradation of our planet will affect societies everywhere. How we address these threats will require solutions that transcend borders. As a global profession, the actuarial community is well-placed to consider and propose effective risk management solutions to help manage the climate crisis.

  • Spaces available

    Content will be aimed at all actuaries looking to understand the issues surrounding mental health in insurance and in particular those looking to ensure products and processes widen access for, and are most useful to, those experiencing periods of poor mental health.